ULSTEIN PX121 for Otto Offshore
bow impact, noise and vibration. This leads to better performance and increased operability, increased crew comfort and safety and reduced fuel consumption. Each ship will be equipped with dynamic positioning system Class II and meets the requirements of Comfort Class. Otto Offshore is a company in Otto Marine Ltd. The contract with Ulstein includes the deliveries of design, engineering and main equipment. An extensive delivery from Ulstein Power & Control includes integrated control systems, bridge (radio, navigation), switchboard, diesel electric propulsion and frequency converters, and communication
Otto Marine Brings in Subsea Adviser
Otto Marine Limited, an offshore marine company which owns and operates a fleet of offshore support vessels, shipyard and offers specialized offshore services, announced that the group has appointed UOB Kay Hian Holdings Limited to advise the group on strategic options, aimed to develop the international profile and competitive position of its subsea services unit in the increasingly growing segment. Such options include but are not limited to a potential listing on the on the Singapore Exchange Securities Trading Limited (SGX-ST). According to Otto Marine, the group remains committed to the business
Otto Marine Name Multi-Purpose OSV at Indonesia Shipyard
Singapore-based Otto Marine inform it has named the 'Norshore Atlantic' – which it considers to be the first vessel of its kind to be constructed in Asia – at its Batam Shipyard in Indonesia. The new offshore service vessel has been built to the MT6022XL Norwegian design. The highly complex vessel classed by DNV is equipped with dynamic positioning 3 (‘DP3’) capability, and is primarily designed for riserless operation utilizing known and field proven technology. Norshore Atlantic is equipped to perform riserless drilling operations, plugging and abandonment of
Otto Marine Sell ROV Support Ship
The company's subsidiary Otto Shipyard has sold ROV Support Vessel 'Otto Explorer 3' for US$50-million. The Board of Directors of Otto Marine Limited announce that the earlier proposed sale of the Multi-purpose Field Support and ROV Support Vessel, “Otto Explorer 3”, to RY Offshore Limited by the Company’s shipyard, through one of the Company’s wholly-owned subsidiaries has been comleted. Otto Marine state that the transaction is expected to have a positive impact on the consolidated net tangible assets per share or earnings per share of the Company for the
ROV Support Vessel Sold by Otto Marine
Otto Marine's shipyard has sold the multi-purpose offshore support vessel 'Otto Explorer 3' to RY Offshore Ltd. for about US$ 50-million. Upon completion of the sale, the buyer will charter the vessel to the Ottto Marine Group subsidiary, Go Marine Group Pty Ltd. The company has received a deposit of US$1 million from the buyer for the transaction with the balance to be paid upon delivery of the vessel, which is being built at the Otto Marine shipyard in Batam, Indonesia. Otto Marine Limited is an offshore marine group, headquartered in Singapore, specialising in the subsea and deep sea segment.
Troubled Otto Marine Geophysical Subsidiary
Singapore-based Otto Marine Limited informs of two applications by creditors to wind up its Reflect Geophysical Pte Ltd. At the hearing on the two applications to wind up Reflect filed by two of Reflect’s creditors with the Singapore High Court held on 22 February 2013, the court has ordered that the applications be adjourned to a date to be fixed after the conclusion of the judicial management application filed by Reflect on 21 February 2013, pursuant to section 227C(a) of the Companies Act (Chapter 50). At a separate hearing before the Registrar, the court ordered that the hearing
February 2024
